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    Property profile & analytics

    40 Lake St Somerville, MA 02143

    • Showrooms
    • 18,662 SF
    • 0.69 lot acres
    For Sale
    View listing
    $9,000,000
    Value Estimation
    Last Sale
    Aug 09, 2024
    Location Intelligence
    Property ID
    US38-0484854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • H D Chasen & Co / Machine Shop / Industrial Equipment Supplier

    Property Details for 40 Lake St

    Year built
    1912
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    18,662 SF
    Zone code
    RC
    Property type
    Showrooms
    APN
    SOME M:74 B:E L:1
    APU
    SOMEM74BEL1

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1007
    Latitude
    42.3803
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,625
    $844,800
    $1,002,700
    $1,847,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,920 SF

      25 Washington St

      SHOW ROOM, WAREHOUSE • 4,920 SF
      25 Washington St, Somerville, MA 02143-4403
      View Details
    • Value Estimation by Request
      370,000 SF

      153 Ss St

      SHOW ROOM, WAREHOUSE • 370,000 SF
      153 Ss St, Somerville, MA 02143-4297
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    • Value Estimation by Request
      11,250 SF

      55 Bow St

      SHOW ROOM, WAREHOUSE • 11,250 SF
      55 Bow St, Somerville, MA 02143-2938
      View Details
    • Value Estimation by Request
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      28 Chestnut St

      SHOW ROOM, WAREHOUSE • 102,314 SF
      28 Chestnut St, Somerville, MA 02143
      View Details
    • Value Estimation by Request
      43,326 SF

      39th Medford St

      SHOW ROOM, WAREHOUSE • 43,326 SF
      39th Medford St, Somerville, MA 02143-3436
      View Details
    • Value Estimation
      $300,000
      2,100 SF

      8 Conlon Ct

      SHOW ROOM, WAREHOUSE • 2,100 SF
      8 Conlon Ct, Somerville, MA 02143
      View Details

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    Property Visit Statistics

    • Visits by month
      139.2k
    • Visitors by month
      73.3k
    • Avg Time on site
      39 min
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    40 Lake St
    Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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